Chapman v. Dwyer

CHASE, Circuit Judge (after stating the facts as above).

Unless the parties were engaged in a joint venture in the Pennsyl Case, the plaintiff’s remedy is not in equity hut at law to collect whatever may be due him for services rendered and expenses incurred.

Although the legal significance of joint adventure has come to be widely recognized, it was unknown to the common law, and does not readily admit of short and satisfactory definition. Joint adventurers assume a fiduciary relationship in a single undertaking for profit which gives equity jurisdiction over controversies arising between them…